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BTC still seems like it can survive. It was hammered from 97 down to 82, then hammered again to 59. At the beginning, the market couldn’t hold at 97 and 82, but from 77 to 65 resistance started to show. + The market has started to adjust (it’s beginning to become a bit resilient). Now it’s being hammered again into the 59–65 range, and there’s a possibility it’s already able to withstand the hammering.
If there’s another hammering, then this could be the last one—rebound might already be starting from here.
Why? Just look at other markets. Gold already bottomed at 3800–3900, and now it’s starting to recover into the 4000s. Yesterday, BTC didn’t fall as hard as gold. In the 60–65 range, now it’s BTC’s turn to follow, just like gold—because these two markets have similar “characters” when fighting traditional currencies, especially the USD. Just wait and see: if the US is already experiencing inflation and the dollar weakens, where will the money go? Whoever holds dollars will definitely move into other assets—whether that’s gold or BTC.
In my opinion, these 2 assets are the safest for surviving when the debt crisis comes. Because the debt crisis will hit, among other things, stocks. And now institutions/individuals are still draining money into US stocks whose values aren’t balanced anymore, while their economy is dealing with inflation—so it feels like they’re forcing it.
Maybe that’s all—this is just my personal opinion. Maybe I didn’t word things perfectly; please forgive me, because I’m also human 🙏$BTC